Very strong emotions have accompanied the idea of the Laffer Curve from the very beginning. This simple analysis does not try to solve the discussion. The author has constructed the (TBI-Tax Burden Index), a special measure of taxes. The special feature of this measure is that it tries to take...

This report is divided into four parts. The first part discusses the first wave of privatization. The second part discusses the development of the capital market in Mongolia; the third part presents and discusses the second wave cash privatization program. And the fourth part offers some new...

If official statistics are to be believed, the fall in output in the transition economies of Central and Eastern Europe has probably been the largest anywhere in peacetime in modern history (failed harvests could cause even larger falls in agricultural societies, and such effects were felt on a...

This paper discusses the role of institutional arrangements in anti-inflationary policy in transition economies of Central Europe and former USSR. The economic theory explains various motives for excessive monetary expansion. Policymakers can be tempted to increase employment above the natural...

This paper aims to explore the factors influencing the ability of firms to compete in globalised markets. The Austrian and evolutionary economics and the endogeneous growth literature highlight the role of innovation activities in enabling firms to compete more effectively - and expand their...

The main political problem faced by architects of the Russian VPP was the question of satisfying the interests of all partners taking part in privatization: employees, management, citizens and potential strategic investors. Therefore, a very rigid procedure of shares distribution was introduced...

Although competitiveness is a world very often used in literature it is seldom to be found in economic textbook which prefer the term comparative advantage much narrowly defining formula describing international specialization. As Porter underlines comparative advantage and competitiveness...

This paper presents a cross-country comparative study of corporate governance forma-tion in four transition countries that differ significantly in the reform design, implementation, and outcome. The analysis showed that corporate governance formation in these countries is characterized by both...

The aim of this paper was to analyse possible directions and magnitudes of the relationship between the social security driven tax wedge, employment and shadow employment in Russia and Ukraine. Previous results suggest a limited positive relationship between the size of the tax wedge and shadow...

This paper describes the general framework of the EU’s emerging relationship with its new neighbours and investigates the potential economic impact of the European Neighbourhood Policy (ENP), both for the EU itself and for its neighbours. In particular, it seeks to develop an answer to the...